Small Savings Shocker! Rates may be slashed again

Interest rates on these schemes may be slashed again in the coming few quarters with yileds on the government bonds coming down

Zee Media Bureau

New Delhi: What may come as yet another shocker for those who have invested in small savings schemes, interest rates on these schemes may be slashed again in the coming few quarters with yields on the government bonds coming down.

The reduction is expected since the government had said last time, while reducing the rate of interest on small savings schemes,that the returns will be benchmarked to government bonds from now on. It was also stated that the rates will be reviewed once in three months.

(Table shows the existing interest rates on small savings schemes)